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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 477 $ 152
Trade accounts and other receivables 1,530 2,729
Allowance for doubtful accounts (6) (6)
Trade accounts and other receivables – net 1,524 2,723
Inventories 244 320
Derivative assets 243 323
Other current assets and deferred charges 269 279
Total current assets 2,757 3,797
Investments 5,067 5,065
Property, plant, and equipment 49,546 47,057
Accumulated depreciation and amortization (17,451) (16,168)
Property, plant, and equipment – net 32,095 30,889
Intangible assets – net of accumulated amortization 7,660 7,363
Regulatory assets, deferred charges, and other 1,357 1,319
Total assets 48,936 48,433
Current liabilities:    
Accounts payable 1,258 2,327
Derivative liabilities 180 316
Accrued and other current liabilities 955 1,270
Commercial paper 0 350
Long-term debt due within one year 1,627 627
Total current liabilities 4,020 4,890
Long-term debt 22,785 21,927
Deferred income tax liabilities 3,177 2,887
Regulatory liabilities, deferred income, and other 4,631 4,684
Contingent liabilities and commitments (Note 9)
Stockholders’ equity:    
Preferred stock ($1 par value; 30 million shares authorized at March 31, 2023 and December 31, 2022; 35,000 shares issued at March 31, 2023 and December 31, 2022) 35 35
Common stock ($1 par value; 1,470 million shares authorized at March 31, 2023 and December 31, 2022; 1,256 million shares issued at March 31, 2023 and 1,253 million shares issued at December 31, 2022) 1,256 1,253
Capital in excess of par value 24,516 24,542
Retained deficit (12,895) (13,271)
Accumulated other comprehensive income (loss) (3) (24)
Treasury stock, at cost (37 million shares at March 31, 2023 and 35 million shares at December 31, 2022 of common stock) (1,124) (1,050)
Total stockholders’ equity 11,785 11,485
Noncontrolling interests in consolidated subsidiaries 2,538 2,560
Total equity 14,323 14,045
Total liabilities and equity $ 48,936 $ 48,433